NexusFi: Find Your Edge


Home Menu

 





IB and Forex


Discussion in Sierra Chart

Updated
      Top Posters
    1. looks_one Grantx with 12 posts (7 thanks)
    2. looks_two rassi with 5 posts (4 thanks)
    3. looks_3 choke35 with 4 posts (3 thanks)
    4. looks_4 mrad with 4 posts (5 thanks)
      Best Posters
    1. looks_one mrad with 1.3 thanks per post
    2. looks_two rassi with 0.8 thanks per post
    3. looks_3 choke35 with 0.8 thanks per post
    4. looks_4 Grantx with 0.6 thanks per post
    1. trending_up 6,757 views
    2. thumb_up 19 thanks given
    3. group 3 followers
    1. forum 24 posts
    2. attach_file 10 attachments




 
Search this Thread

IB and Forex

  #21 (permalink)
 Grantx 
Reading UK
Legendary no drama Llama
 
Experience: None
Posts: 1,787 since Oct 2016
Thanks Given: 2,826
Thanks Received: 5,059


rassi View Post
Also I know this might sound like I’m teaching you to suck eggs....but...worth checking these settings across the board. Often the cfd/forex lot sizes are miles apart. You might have to tailor each market in Sierra so it matches up with Lmax.


Sent using the NexusFi mobile app

Teach away Im all ears.

That is what Im doing now, going through everything with a fine tooth comb. I am extra cautious with Sierra because of how highly configurable it is.

Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
REcommedations for programming help
Sierra Chart
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
How to apply profiles
Traders Hideout
Trade idea based off three indicators.
Traders Hideout
About a successful futures trader who didnt know anythin …
Psychology and Money Management
 
  #22 (permalink)
 mrad 
Utrecht, The Netherlands
 
Experience: Intermediate
Platform: Sierra Chart
Broker: AMP
Trading: NQ, RTY
Posts: 9 since Dec 2010
Thanks Given: 14
Thanks Received: 13

On my end the Sierra Chart settings for Gold (spot) correspond with the LMAX instrument information.


Reply With Quote
Thanked by:
  #23 (permalink)
 mrad 
Utrecht, The Netherlands
 
Experience: Intermediate
Platform: Sierra Chart
Broker: AMP
Trading: NQ, RTY
Posts: 9 since Dec 2010
Thanks Given: 14
Thanks Received: 13


The order quantities in Sierra Chart differ from the LMAX order quantities (see the LMAX Trading Service description on the Sierra Chart website):

Quoting 
When setting the Order Quantity for any symbol through the Sierra Chart Trade Window Quantity setting, or the Trade Mode Box at the top left of a Chart or Trade DOM, a quantity of 10, is equivalent to an LMAX quantity of 1.

A quantity of 1 entered within Sierra Chart, is equivalent to LMAX quantity of 0.1.

As of version 1118, for CFDs, the above rules also apply. No longer will a quantity of 1 equal 1 for a CFD. A quantity of 1 for a CFD now equals .1.


Reply With Quote
Thanked by:
  #24 (permalink)
 Grantx 
Reading UK
Legendary no drama Llama
 
Experience: None
Posts: 1,787 since Oct 2016
Thanks Given: 2,826
Thanks Received: 5,059

Ahh. Thats what confused me. Chart settings are different to global settings.
In my chart settings the currency value per tick and tick value = 0.05 respectively.
but in global settings its 0.01 respectively.

For crying in a freaking bucket...






Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #25 (permalink)
 
rassi's Avatar
 rassi 
the congo
 
Experience: Advanced
Platform: North sea oil rig
Trading: Cl
Posts: 927 since Jun 2009
Thanks Given: 1,563
Thanks Received: 1,199

Glad you got it sorted, so many settings!


Sent using the NexusFi mobile app

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:




Last Updated on October 31, 2017


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts